DFS: Daily fantasy sports, typically one day contests that allow you to pick a lineup of players to compete against other users. FanDuel, DraftKings, etc.
GPP (a.k.a tournaments): Guaranteed Prize Pool, a contest in which the prize is guaranteed, regardless of the number of entrants.
50/50: A contest in which the top half of all entrants get paid and the bottom half lose their entry fee. These contests are considered safer based on odds of winning.
Cash Game: Also referred to as 50/50s, but can also include head-to-head matchups with individual DFS players, and double-ups.
ROI: Return on Investment
Fade: The action of avoiding a particular player or game within your lineup entry.
Chalk player: Players with high projected ownership that some consider “must plays” for cash games and 50/50s. Many DFS participants avoid chalk plays for GPP/tournaments in order to have a higher chance to win.
Exposure: The amount of lineups you have a specific player included in. Having a player in a higher percentage of your lineups is more risky.
Overlay: When a daily fantasy site loses money on a contest (e.g. if $50,000 is guaranteed but there are only $45,000 worth of entrants, the overlay is $5,000.)
Floor: The lowest projected outcome for a specific player.
Ceiling: The highest projected outcome for a specific player.
CPP: Cost Per Point is calculated by taking a player's salary and dividing it by the projected points the player is set to score in their matchup.
$ Rank: A player's $ Rank is determined by their salary when compared to other players at their position. The player with the highest salary at their position will have a ranking of one (1).
Punt: When you "punt" a specific position, you spend the minimum on that position in your lineup. This strategy is used when a position is harder to predict or low-scoring relative to other positions. This allows you to fit other higher-salaried players in your lineup.
Stack: A pairing of two or more players from the same team in one lineup who have correlated outcomes.